Trinidad Drilling Ltd. Has Another Very Weak Trading Session

 Trinidad Drilling Ltd. Has Another Very Weak Trading Session

The stock of Trinidad Drilling Ltd. (TSE:TDG) is a huge mover today! About 65,939 shares traded hands. Trinidad Drilling Ltd. (TSE:TDG) has risen 15.49% since April 25, 2016 and is uptrending. It has outperformed by 10.23% the S&P500.
The move comes after 8 months negative chart setup for the $530.79M company. It was reported on Nov, 29 by Barchart.com. We have $2.29 PT which if reached, will make TSE:TDG worth $21.23M less.

Trinidad Drilling Ltd. (TSE:TDG) Ratings Coverage

Out of 7 analysts covering Trinidad Drilling Ltd. (TSE:TDG), 5 rate it a “Buy”, 0 “Sell”, while 2 “Hold”. This means 71% are positive. $6 is the highest target while $2 is the lowest. The $3.57 average target is 49.37% above today’s ($2.39) stock price. Trinidad Drilling Ltd. has been the topic of 34 analyst reports since July 21, 2015 according to StockzIntelligence Inc. The firm earned “Outperform” rating on Wednesday, August 5 by Scotia Capital. As per Friday, November 4, the company rating was downgraded by National Bank Canada. The stock of Trinidad Drilling Ltd. (TSE:TDG) earned “Sector Perform” rating by Scotia Capital on Friday, October 9. The rating was maintained by Scotia Capital with “Sector Perform” on Tuesday, June 28. As per Friday, November 4, the company rating was maintained by Scotia Capital. The rating was maintained by Paradigm Research on Tuesday, June 28 with “Buy”. The stock of Trinidad Drilling Ltd. (TSE:TDG) has “Strong Buy” rating given on Wednesday, November 18 by Raymond James.

More news for Trinidad Drilling Ltd. (TSE:TDG) were recently published by: Marketwired.com, which released: “Trinidad Drilling Ltd. Announces Amendments to Its Credit Facility and Debt …” on June 27, 2016. Business.Financialpost.com‘s article titled: “Trinidad Drilling Ltd. and CanElson Drilling Inc. merger gives scale in …” and published on June 11, 2015 is yet another important article.

Trinidad Drilling Ltd. is a Canada-based company, which operates in the drilling sector of the North American oil and natural gas industry, with activities in Canada and the United States. The company has a market cap of $530.79 million. The Firm operates through five divisions, which include Canadian Operations, US and International Operations, Manufacturing Operations, Joint Venture Operations and Corporate. It currently has negative earnings. The Canadian Operations segment is engaged in providing land drilling services to the Canadian gas and oil industry.

Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.

Related posts

Leave a Comment